economy
May 2, 2026
Trump announces tariff increase on EU vehicles to 25%
The European Union is not complying with a fully agreed to trade deal, the US president said
TL;DR
- US President Donald Trump announced an increase in tariffs on autos from the European Union.
- The new tariff rate will be 25%.
- This change is set to take effect next week.
- Trump cited the European Union's non-compliance with a fully agreed-to trade deal as the reason for the tariff hike.
Continue reading the original article